Groupe ADP may fall to 98.40 - 102.20

120 is our pivot point.

Our preference

The downside prevails as long as 120 is resistance.

Alternative scenario

Above 120, look for 126.3 and 130.1.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 121.075 and 122.478).

Supports and resistances

130.1 **

126.3 *

120 **

117.4

113.6 (EUR-last)

105.9

102.2 **

98.4 *

94.7 **

Number of asterisks represents the strength of support and resistance levels.